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Latest: Fintech News

UN Group Pitches Basic Income Proposal to Sri Lanka – FT
UN Group Pitches Basic Income Proposal to Sri Lanka – FT

The UNDP suggested a temporary basic income, in the form of an unconditional cash transfer to working-age Sri Lankans for six to nine months

China’s UnionPay Wary of Deals With Russian Banks – RBC
China’s UnionPay Wary of Deals With Russian Banks – RBC

Risk of secondary sanctions over Moscow's invasion of Ukraine keeps UnionPay from cooperating with sanctioned Russian banks

Singapore Payments Firm Thunes Takes Compliance Group Stake
Singapore Payments Firm Thunes Takes Compliance Group Stake

Thunes has taken a majority stake in the Tookitaki financial crime detection and prevention company for $20 million

Taiwan Tech Firms in Kunshan Warn of Delays Amid Covid Curbs
Russia Won’t Release Names of Banks on SWIFT Alternative
China’s Ant Group to be Majority Owner of Payments Firm 2C2P
Sony, Nikon, Adobe, Others Combine to Thwart Deepfakes – Nikkei
TikTok Faces US Probe Over Child Sex Content – FT
PE Company Could Make Rival Twitter Bid – New York Post
China Bans Unregulated Streaming of Video Games

Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors